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On 9 October 2024, the CEFTA Joint Committee adopted a Decision on the Establishment of an Electronic System to Facilitate Risk-management for Trade in Goods, which establishes an electronic system to enhance risk management for trade in goods among CEFTA Parties.

The key elements of this Decision are the following:

• Strengthening and improving risk analysis and security-related controls: The decision promotes the development of CEFTA Risk Profiles (CRPs) that allow CEFTA Parties to identify and target potentially high-risk consignments, means of transport, or passengers, thereby enhancing the effectiveness of Customs controls and reducing the likelihood of illicit activities;
  
• Establishing a common framework for risk management and priority control areas: By creating a standardised approach to risk management, CEFTA Parties can align their Customs procedures, ensuring consistency in the assessment of risks related to revenue collection, public health, environmental protection, and the fight against terrorism, which ultimately streamlines trade processes;
  
• Facilitating the exchange of relevant Customs risk profiles among CEFTA Parties: The decision mandates the sharing of data from Inspection Reports and CRPs through the SEED system, fostering collaboration and information exchange among CEFTA Parties; and
  
• Implementation of CEFTA Rapid Customs Alerts: The establishment of a system for issuing Rapid Customs Alerts allows for the immediate communication of newly identified risks that require urgent action. This rapid response mechanism enables CEFTA Parties to take timely measures to mitigate risks, ensuring the safety and security of trade while minimizing disruptions.